GB Retail Sales Ex Gasoline (M/M)


Fx News Spike Signals by Crazy Cat, 2019/07/18

Release Time: 04:30 New York time (EST)
Primary currency pair: GBP/USD
Forecast: -0.2%
Prior: -0.3%
LT1 (Lower Trigger 1): -1.4 [SELL]
UT1 (Upper Trigger 1): +1.4 [BUY]
Safety: 7

Due to uncertainty about Brexit, be careful about trading British reports for the next few months. The market surely is very focused on the Brexit outcome.

If GB Retail Sales Ex Gasoline (M/M) comes out at -1.6% or more negative (-1.4 deviation), GBP/USD may go down by 15 pips or more. If it comes out at 1.2% or higher (+1.4% deviation), GBP/USD may go up by 15 pips or more.

Based on 21 estimates for GB Retail Sales without Gasoline (M/M), median estimate is -0.2%, and the average estimate is -0.18%. The highest estimate is +0.8% (one estimate), the second highest is 0.2% (four votes), then 0.1% (one estimate), then 0.0% (one estimate), then -0.1% (one estimate), -0.2% (four votes), -0.3% (three votes), -0.4% (two votes), -0.6% (two estimates), then -0.7% (one vote), and finally -1.0% (one estimate). One standard deviation is +/- 0.38, about same as last month.

Also, based on 22 estimates for GB Retail Sales with Gasoline (M/M), median estimate is -0.3%, and the average estimate is -0.24%. The highest estimate is +0.5% (two estimates), the second highest is 0.2% (four estimates), then 0.0% (one estimate), -0.1% (one estimate), -0.3% (six estimates), then -0.4% (three estimates), -0.6% (two estimates), -0.8% (one estimate), and finally the lowest estimate is -1.0% (two estimates). One standard deviation is +/- 0.41 from the average estimate, about same as last month.

It's hard to say which one is best, and perhaps you can set up triggers for both. In the past, they both were released exactly at the same time.


As always it's a very good habit to check historic price action by going to our economic calendar where you can check exactly what happened in the past but just be careful.

Forex news history and charts

Go back to the Forex Market News listing
Copyright © 2014 Secret Weapons LLC. All Rights Reserved.   Contact Us | Affiliates | Privacy Policy


Risk disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Past performance is not necessarily indicative of future results. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as educational material and general market commentary, and does not constitute investment advice. Seek a licensed advisor. FastEconomicNews.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.